NRG Energy Sees Unusually High Options Volume (NRG)

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NRG Energy Inc (NYSE:NRG) was the recipient of some unusual options trading on Tuesday. Investors bought 22,622 put options on the company. This is an increase of 657% compared to the average volume of 2,990 put options.

A number of analysts have recently commented on the company. Zacks Investment Research raised NRG Energy from a “hold” rating to a “strong-buy” rating and set a $35.00 price target on the stock in a research note on Monday. Bank of America assumed coverage on NRG Energy in a research note on Thursday, May 24th. They set a “buy” rating and a $37.00 price target on the stock. ValuEngine lowered NRG Energy from a “buy” rating to a “hold” rating in a research note on Thursday, May 17th. UBS Group lifted their price target on NRG Energy from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, March 28th. Finally, TheStreet raised NRG Energy from a “d+” rating to a “c-” rating in a research note on Wednesday, March 21st. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $33.00.

NRG Energy stock opened at $30.67 on Thursday. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 6.82. The company has a market capitalization of $9.63 billion, a P/E ratio of 28.42 and a beta of 0.99. NRG Energy has a one year low of $18.90 and a one year high of $35.17.

NRG Energy (NYSE:NRG) last posted its quarterly earnings data on Thursday, May 3rd. The utilities provider reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.73. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.08 billion. NRG Energy had a positive return on equity of 26.42% and a negative net margin of 16.04%. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. equities analysts predict that NRG Energy will post 3.29 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of NRG. Wells Fargo & Company MN lifted its stake in NRG Energy by 40.1% in the fourth quarter. Wells Fargo & Company MN now owns 299,294 shares of the utilities provider’s stock valued at $8,524,000 after buying an additional 85,736 shares during the period. Allianz Asset Management GmbH acquired a new position in NRG Energy in the fourth quarter valued at approximately $456,000. Geode Capital Management LLC lifted its stake in NRG Energy by 4.5% in the fourth quarter. Geode Capital Management LLC now owns 3,403,651 shares of the utilities provider’s stock valued at $96,788,000 after buying an additional 145,561 shares during the period. Amundi Pioneer Asset Management Inc. acquired a new position in NRG Energy in the fourth quarter valued at approximately $569,000. Finally, Two Sigma Advisers LP lifted its stake in NRG Energy by 3.5% in the fourth quarter. Two Sigma Advisers LP now owns 890,582 shares of the utilities provider’s stock valued at $25,364,000 after buying an additional 29,945 shares during the period. 97.31% of the stock is currently owned by institutional investors.

About NRG Energy

NRG Energy, Inc, together with its subsidiaries, operates as an integrated power company in the United States. The company is involved in the generation of electricity using fossil fuel and nuclear sources. The company provides electricity to 2.9 million residential, commercial, and industrial consumers; system power, distributed generation, solar and wind products, backup generation, storage and distributed solar, demand response, energy efficiency, and on-site energy solutions; and carbon management and specialty services.

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